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Not much really, simply trade with the trend and not against it.

@Ralf I wonder why you would want to trade without a broker. Leverage according to me is the best reason behind opting for a broker. No doubt they prefer giving out high leverage, but there are few brokers like pepperstone and fxview who put a cap on your leverage to avoid any margin call.

Not at all. I started with Pepperstone and now I’ve opened an ECN account with Fxview. I’m getting pretty low spreads on it so let’s see how it goes. Anyway, these are reputed platforms so I’m kind of okay now to risk high.

That seems about right. I don’t think it is possible to survive without it. The brokers that have a rich history and also have a particular reputation are bound to have multiple traders on their platforms. I also trade with some well known brokers, they must be having a valid legal status as well.

Which investment is ideal buddy and I’m speaking of index funds here. A portfolio that increases with index also falls with it.

That is quite interesting. I have always seen traders talk about long term goals and plans anyway, good luck to you.

@Shawn set your stop loss at a distance from support and resistance. This is something I’ve been trying out lately by using the average true range and my brokers (fxview, pepperstone) seem fine with it too.

I guess margin calls requirement is also an important aspect when choosing a broker, isn’t it? Different broker’s different rules, some may prefer to close the investor’s deal while others will ask to increase the margin. Important to know which category yours fit in.

Ya you never know when you might want to switch from one style to another, gotta keep all doors open.

Leverage is determined by the broker and I don’t think you can change it like that. I suggest you try to familiarise yourself with the terminology and take some courses to understand the basics of forex. This will help you a great deal. I prefer trading with a broker as per the leverage they...

With fxview it was their lower charges, same with swissqoute, mainly the 0.0 pips spreads.

But let’s be honest, we are always apprehensive about new stuff. Like when I was opening my account with fxview I started with just $500 and after testing them out for an extended period (in which they fared excellently well with their consistently lower spreads and faster withdrawals) I started...

Not so much. For someone like me who started with a 1000 USD with pepperstone and fxview would not have been able to have a trading balance today of almost 15k had it not been for leverage.

Fxview is flexible in the sense that there are different leverage ratios for trading different currency pairs, highest is given to major ones, then minor and exotic. I think it might be the same with other brokers as well.

That was a good discussion on how volatile the bitcoin is. Surely an interesting read.

Verification's are for your own safety, why take chances! I’m using fxview and swissquote atm and I normally use my credit cards for payments. Can try these bucket shop brokers, generally offer different payment options.

I have been trading very actively this whole year (despite the pandemic) but taken a pause this week. After losing majorly across all my accounts, ig, oanda, fxview, fxtm, i’ve realized it’s wiser to refrain from trading when there’s too much action happening in the world.

True, it’s a weird word and I have never heard of this word ever before.

This man is the largest systematic volume seller in the world. His suggestions are real and helpful for every trader.

Day trading typically takes up much more time, so I prefer swing trading to save my time.